Thu Sep 19 05:48:53 UTC 2024: ## UWM Holdings Stock Dips Following CEO Share Sale

**Pontiac, MI (MarketBeat News) -** Shares of UWM Holdings Co. (NYSE: UWMC) dropped 2% on Wednesday following the sale of 1.2 million shares by CEO Ishbia Mat on Monday. The transaction, disclosed in an SEC filing, saw the shares sold at an average price of $8.45, bringing the total value of the sale to $10.14 million.

Despite the CEO’s sale, some analysts remain optimistic about UWM. BTIG Research recently raised their target price on the stock from $8.00 to $10.00, citing a “buy” rating. Other analysts, such as Barclays and Wedbush, have also raised their price objectives, while Goldman Sachs and Keefe, Bruyette & Woods maintain a “neutral” and “market perform” rating respectively.

The company’s most recent earnings report, released on August 6th, showed an EPS of $0.04, missing analyst estimates of $0.06. However, UWM continues to pay a quarterly dividend of $0.10 per share, representing a yield of 4.48%.

Institutional investor activity remains strong, with Susquehanna Fundamental Investments LLC, AQR Capital Management LLC, and Squarepoint Ops LLC all increasing their holdings in the second quarter.

UWM Holdings Corporation is a leading provider of residential mortgage loans in the United States, operating primarily through a wholesale channel. The company originates both conforming and government loans.

**MarketBeat** will continue to monitor the performance of UWM Holdings Co. and provide updates on any new developments.

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